The bank had to repay over A$200,000 to an elderly couple after it was unable to produce records showing it had warned them about a cryptocurrency scam.
February 11, 2021The guidelines are mandatory and require immediate implementation. Three months' grace is given for a new cap on investment advisor commissions.
January 27, 2021AUSTRAC provides guidance on conducting an ML/TF risk assessment, providing risk awareness training to staff, and fulfilling reporting obligations, among others.
December 9, 2020MAS will launch a new Work-Study Support Programme to develop job-ready graduates and extend the Training Allowance Grant for company-sponsored trainees by six months.
November 26, 2020Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.
November 20, 2020Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
October 22, 2020IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible redeployments in the industry.
October 21, 2020Maximum funding under the POC Grant and AIDA Grant will be increased. Support for large-scale innovation projects and staff training will also increase.
August 14, 2020The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.
August 5, 2020A newly launched skills map for family office advisors will help them to deepen their skillsets, expand their career pathways, and enhance Singapore's family office ecosystem.
July 27, 2020